A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-36-90, RELATING TO "GROSS PROCEEDS OF SALES", SO AS TO PROVIDE THAT "GROSS PROCEEDS OF SALES" DOES NOT INCLUDE THE SALES PRICE OF PROPERTY RETURNED WHEN THE FULL SALES PRICE MINUS A RESTOCKING OR HANDLING FEE IS REFUNDED; AND BY AMENDING SECTION 12-36-130, RELATING TO "SALES PRICE", SO AS TO PROVIDE THAT "SALES PRICE" DOES NOT INCLUDE AN AMOUNT CHARGED FOR PROPERTY, WHICH IS RETURNED BY THE PURCHASER, AND THE FULL AMOUNT MINUS A RESTOCKING OR HANDLING FEE IS REFUNDED.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1.  Section 12-36-90(2)(b) of the S.C. Code is amended to read:

    (b) the sales price of property returned by customers when the full sales price or the full sales price minus a restocking or handling fee is refunded in cash or by credit;

SECTION 2.  Section 12-36-130(2)(b) of the S.C. Code is amended to read:

    (b) an amount charged for property, which is returned by the purchaser, and the full amount or the full amount minus a restocking or handling fee is refunded in cash or by credit;

SECTION 3.  This act takes effect upon approval by the Governor.

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